Melco Resorts & Entertainment (NASDAQ:MLCO) Full Year 2024 Results

Key Financial Results

• Revenue: US$4.64b (up 23% from FY 2023).
• Net income: US$43.5m (up from US$326.9m loss in FY 2023).
• Profit margin: 0.9% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
• EPS: US$0.10 (up from US$0.75 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Melco Resorts & Entertainment EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 53%.

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are down 7.5% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Melco Resorts & Entertainment you should know about.

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